While the requirement to undertake transaction monitoring evolved because of AML legislation, its importance has been magnified and reinforced by increased regulatory attention and significant fines.

The Chartis Research report, AML transaction monitoring solutions, considers how, by working together, financial institutions, vendors and regulators can create more effective anti-money laundering ...

Switching from a legacy Anti-Money Laundering (AML) transaction monitoring system to a modern platform is a complex project that requires careful planning. Below are key best practices to ensure a ...

Chartis Research has rated data and AI pioneer SAS a category leader in its AML Transaction Monitoring Solutions, 2024 Market Quadrants report. This marks the second time in as many years SAS has ...

For instance, use an AML software platform for transaction monitoring that can automatically flag unusual patterns, and a sanctions screening tool to check clients against watchlists. 4.

Summary: Financial institutions face steep fines and reputational costs if they don’t comply with anti-money laundering regulations, but compliance is difficult and expensive: Transaction ...

ThetaRay's AI-powered SONAR transaction monitoring solution, based on “artificial intelligence intuition,” allows banks and fintechs to expand their business opportunities and grow revenues ...

The Chartis Research report, AML transaction monitoring solutions, considers how, by working together, financial institutions, vendors and regulators can create more effective anti-money laundering ...

Among 25 anti-money laundering (AML) transaction monitoring solution providers evaluated by Chartis, SAS attained the most "best-in-class capabilities" rankings, earning the distinction in three ...